Volatus Aerospace Reports Fiscal Year 2025 Financial Results

Core Insights - Volatus Aerospace Inc. reported its audited consolidated financial results for the fiscal year ended December 31, 2025, marking a significant year following its merger with Drone Delivery Canada Corp. in August 2024 [1][2] Financial Overview - Total revenue for fiscal 2025 was $34,204,035, representing a 26% growth year-over-year, returning to fiscal 2023 revenue levels [10][9] - Defence equipment revenue more than doubled to $16,255,712 from $7,890,916 in 2024, a 106% increase, driven by tactical ISR drone systems deliveries to NATO member countries [10][9] - Gross profit increased by 16% to $11,100,956, with a blended gross margin of 32% [10][9] - Current cash balance at year-end was approximately C$41 million, up from C$1.56 million at the end of 2024 [10][9] - Total assets grew by 60% to C$92,655,765, while total liabilities decreased by 21% to C$24,951,892 [13][10] Defence and NATO Engagement - Volatus established itself as a credible supplier of defence-grade uncrewed systems to NATO-aligned customers, securing a $9 million defence contract in December 2025 [5][16] - The company launched multiple tactical ISR drone systems deliveries to NATO member countries, confirming its role as a reliable supplier [16][12] Commercial Operations - Commercial service operations continued to scale, particularly in energy, utilities, and infrastructure inspection across North America and the UK [12][10] - Europe and UK revenue grew by 150%, reflecting the company's expanding NATO-aligned defence business [10][9] Balance Sheet and Liquidity - The financial position improved significantly, with working capital moving from a deficit of ($8,392,375) to a surplus of $36,482,718 [12][10] - Shareholders' equity increased to $67,703,873 from $26,336,765, supporting the execution of the company's growth strategy [13][10] Future Outlook - Management expects continued improvement in revenue scaling and integration benefits, with a defence programme pipeline anticipated to convert to recognized revenue [11][10]